Johnson Financial Group Inc. reduced its position in shares of Cincinnati Financial Co. (NASDAQ:CINF) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 43,615 shares of the insurance provider’s stock after selling 1,000 shares during the period. Johnson Financial Group Inc.’s holdings in Cincinnati Financial were worth $3,350,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CINF. Select Equity Group L.P. boosted its holdings in shares of Cincinnati Financial by 14.8% during the second quarter. Select Equity Group L.P. now owns 5,475,083 shares of the insurance provider’s stock worth $366,064,000 after purchasing an additional 704,103 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Cincinnati Financial by 11.9% during the third quarter. JPMorgan Chase & Co. now owns 3,334,300 shares of the insurance provider’s stock worth $256,108,000 after purchasing an additional 354,822 shares during the period. First Trust Advisors LP boosted its holdings in shares of Cincinnati Financial by 73.2% during the second quarter. First Trust Advisors LP now owns 682,914 shares of the insurance provider’s stock worth $45,660,000 after purchasing an additional 288,711 shares during the period. Cornerstone Wealth Management LLC purchased a new stake in shares of Cincinnati Financial during the third quarter worth about $2,476,000. Finally, Morgan Stanley boosted its holdings in shares of Cincinnati Financial by 41.5% during the second quarter. Morgan Stanley now owns 546,225 shares of the insurance provider’s stock worth $36,521,000 after purchasing an additional 160,292 shares during the period. Institutional investors own 62.92% of the company’s stock.

Shares of CINF opened at $80.71 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.10. Cincinnati Financial Co. has a one year low of $66.33 and a one year high of $81.96. The stock has a market capitalization of $13.06 billion, a price-to-earnings ratio of 29.46 and a beta of 0.69.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Thursday, October 25th. The insurance provider reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.09. Cincinnati Financial had a net margin of 22.61% and a return on equity of 6.70%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.49 billion. Sell-side analysts predict that Cincinnati Financial Co. will post 3.25 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Wednesday, December 19th will be issued a $0.53 dividend. The ex-dividend date is Tuesday, December 18th. This represents a $2.12 annualized dividend and a yield of 2.63%. Cincinnati Financial’s dividend payout ratio (DPR) is presently 77.37%.

A number of analysts have recently weighed in on CINF shares. Zacks Investment Research upgraded shares of Cincinnati Financial from a “hold” rating to a “strong-buy” rating and set a $84.00 target price for the company in a report on Friday, October 12th. Sandler O’Neill reiterated a “neutral” rating on shares of Cincinnati Financial in a report on Friday, July 27th. BidaskClub lowered shares of Cincinnati Financial from a “hold” rating to a “sell” rating in a report on Saturday, September 1st. Credit Suisse Group started coverage on shares of Cincinnati Financial in a report on Tuesday, August 7th. They set an “underperform” rating and a $70.00 target price for the company. Finally, ValuEngine upgraded shares of Cincinnati Financial from a “hold” rating to a “buy” rating in a report on Tuesday, October 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $77.00.

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Cincinnati Financial Company Profile

Cincinnati Financial Corporation provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

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Institutional Ownership by Quarter for Cincinnati Financial (NASDAQ:CINF)

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